Google Hits All-Time High

3/4/2013 11:05AM

Google only had to move about 1% to establish a new all-time high. Steven Russolillo joins Markets Hub to discuss why the shares are flying, and whether Google can escape it can avoid Apple's fate. Steven Russolillo joins Markets Hub. Photo: AP.

This transcript has been automatically generated and may not be 100% accurate.

... I ... it's not your soul were all in one stock that he is doing well globally Siegel will write an op ... point one percent to ... eight thirteen ... every time the stock goes up though it is the new will be fresh all time record for pool the shares are up a little more than that ... this is you know it's funny it's not a stock the kids talked about as much as they for Apple group on some these real RAH RAH momentum stocks right ... the cool right now it's kind of golden child of the tech world ... morning this is the markets of mine Paul beanie along with compatriot ... Steve Russolillo ... some Google may says David using Goebel products more to that ... article Google searches Alan and he will be used for all right guys Chrome absolutely Gazelle and I think that's the point so here's the so the stock is moving up and since last summer it's basically just on the article now ... and you know it's not just a search company and what Mrs were the big story then is known for thirty years now but ... you know they're moved into mobile data of Chrome they have so they've all these different areas within tech ... and it's all clicking for them right now and is reflected in the stock price and so ... as you mentioned Apple get so much attention because they're big tumble ... group on social media in general are really rough ride that Google is the one out later in the one how outlier to the upside for ... an eight inch Enright is coming ... I know the market in general are doing very well than I did not do it right cool still don't want that to the question of course though is ... at eight hundred dollars any fourteen a share ... a day going to face the same Can Apple staff at its seven hundred ... and it becomes a psychological thing with stocks at these levels ... the price is just good enough to keep new investors from wanting to buy its own plane still high and it is so high it's a psychological thing because the actual valuation of the company isn't that kind of nice earnings multiple for Goebel is relatively in line with Russ competitors so you can make the argument that the stock is even more room to run every couple Animal soo who've already put thousand dollar price targets so ... but psychologically you're actually right because ... that's a ... lot of money for one share that that is more than ... its owner because ... tools rise enthusiasm in the same as it was with Apple ... Apple does mean is is the comedian was or ever was talking I ... this is been calm quiet and sold acquired is that name or the right to keep going higher ... ahh and also that the market in general the eye on another ... case ... one of these dubious pattern ... the Blues will need leaders patterns of the Dow was down every Monday so far in twenty thirteen and the trend is continuing to your inner child about twelve fifty points ... doubt that Dell has been up every Friday and we had an update of this has led a protest outside again sources following a similar to the somewhat patterns and ... there's really no rhyme or reason behind it even talk of the people that like you know this is one of the strange anomalies that ... you know could continue or may not consider that most of the building but ... this is so strange rate now to see that this pattern this trend is continuing and ... going back sourcing local Agus the more you talk about it maybe ... that's when it ... comes to an end ... so I that that thing is he keeps us on watch for the reggae Ganguly really tell what the thing is happening in that was down now about a hundred and fifty points a legacy alerts when or fifty points away from the record though we are still on lots don't want to be a thinker and I think you